Analysis of prices for Bitcoin, Ethereum, XRP for 07/24/2021

The Bitcoin price has reached a new weekly high and the bulls will try to continue growing by the end of the week.

BTC / USD

Yesterdayin the morning there is weak support at 32500.00 USD was unable to limit the pullback, and until the evening the BTC/USD pair sank into the area of ​​average prices. At the end of the day, buyers tried to resume growth, and over the past night they were able to overcome the resistance of 33,000.00 USD, which had limited the bulls’ advance since Wednesday. 

As of this morning, the price of Bitcoin has reachedmark 33800.00 USD, but purchase volumes are gradually decreasing. A strong bullish impulse is needed to break through the lower boundary of the blue range (34000.00 USD). 

If buyers are unable to increase volumes, then the price will turn down towards the POC line (32794.10 USD). 

ETH / USD

Yesterday, during the day, the price of Ethereum graduallyrolled back from the weekly high zone to the level of 2000.00 USD. At the end of the day, buyers took advantage of this psychological support and tonight restored the pair to the level of 2100.00 USD, and the next morning the weekly maximum was updated to the level of 2145.00 USD. 

Until the end of the week, growth may continue toresistance 2200.00 USD. It will be quite difficult to break through it. By that time, the market will be in the overbought zone and further growth is possible only on large volumes. Most likely, we should expect a downward reversal in this area. 

XRP / USD

Yesterday, the XRP price rolled back to the two-hour EMA55.however, over the past night it was able to recover above the resistance of 0.600 USD. This morning the pair was able to update the weekly high to 0.612 USD, but it is not yet possible to test the POC line (0.624 USD). 

If the indicator line Point Of Control (0.624 USD) does not turn the pair downward, then by the end of the week the growth may continue to the area of ​​0.650 USD.

* All prices are based on BitStamp data

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